Which Is Likely to Have the Larger Effect on the CPI

question 182

Essay

Which is likely to have the larger effect on the CPI, a 2 percent increase in the price of food or a 3 percent increase in the price of diamond rings? Explain.

---

Definitions:

Cost Effective

A measure of how economically beneficial something is, in terms of what is achieved for the amount of money spent.

Content Curation

The process of gathering, organizing, and sharing information on a specific topic or area of interest to add value for a target audience.

Ethical Implications

The moral consequences or considerations of an action, decision, or policy, especially as they affect others.

Online Journal

A digital publication that contains articles, research, and other content, accessible via the internet.